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The Parry Company provided the following information regarding its operations: Total assets End of Year 1 $ 50,000,000 End of Year 2 $ 55,000,000
The Parry Company provided the following information regarding its operations: Total assets End of Year 1 $ 50,000,000 End of Year 2 $ 55,000,000 Year 1 Year 2 Net operating income Net sales $ 875,000 2,525,000 $ 925,000 3,100,000 What is Parry's ROI for Year 2? (Round your answer to 2 decimal places.)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
